Member Info for gokmev1

That last RNS managed to confuse everyone. There are no 136k carats left anymore. That was the entire parcel. They fixed the wording, although not clear enough.

So what's left is around 2.5k unsold and 8.5k not tendered. Chances are they are high gem quality, however, looking at the speed they are sold(200k high gem quality in many months), my gut feeling is to stay away for now.

So who is paying all that 100m, is it Robert Price? Are they expecting this money to be raised by the Ndaq listing? I might be completely off but, it is a bit confusing for simple investors, and it would be great if someone can shed light.

Took massive losses on this one. It looks too risky even right after the placing. If it oversells I might come give it another go for a "revenge trade". But not sure if I can pull that off. Good luck to holders and hope diamond sale can make a real change.

The way I see things play out is that November 17 tender will yield about 5-8 million to help clearing the debt, but the share price pressure from billion shares exercised at 0.18 p will continue. Then the better gem quality diamonds (if exists) tenders will drag, allowing more tender dates in RNS and more placings. The problem is that the trust is gone to the level that parcels of diamonds don't move the price. With any good RNS, many investors brace for dilution news rather than buying

Imo 2 million placing for the anticipation returns on the parcel is not that extreme, but the placing price of 0.18p is too low, lowering the expectations regarding the parcel returns.

I believe AP, raised because he didn't have a choice and he knew this would affect company outlook negatively, considering over 100% dilution within 18 months.

He had to do it because diamonds didn't convince lenders. Bear in mind, this is just my speculation. Other scenario is that he doesn't bother with trying to convince lenders as the diamonds are worth gazillions that will change the sentiment very quickly once sold.

I went for the negative scenario, good luck for who is invested.

Will the market trade 1,111,111,111 shares in one day with this pace? AP must be thinking, "hmmm should have issued 4 billion shares."

ASimpleInvestor, you have definitely put doubts in my mind. Would you mind sharing your findings if you have already done so? I am not sure if me or others are eligible for registration without a company, although I will give it a go.

Amystake, you do not know if the 120k carats include gem quality stones or not, unless you have some insider info that others don't. Rough stones don't mean they are lower grade. In fact, based on 36k carats announced as being gem quality out of 136k carats in parcel, there must be around 20k carats gemquality stones in the mix that is being sold on Nov 17.

Imo couple of years later, you'll realise that this was a rather cheap lesson.

I don't think they did disappear ASI, but many comments refer to a "basic calculation" assuming 120k carats mentioned in RNS are the lower grade with remaining 16k being gem quality, reduced from 36k carats announced in May 7, reducing the gem grades by 20k. For a moment you were thinking of the same basic maths, apologies if not.

According to basic maths 20k carats of gem quality diamonds disappeared into thin air, which is at odds with basic physics lol

I see it in this article, and mention of many over 10.8 carats: https://www.diamondworld.net/news/vast-resources-finds-6000-carat-surprise-in-long-disputed-diamond-parcel?utm_source=chatgpt.com

IQ157, 7 carats average sounds great, where was this mentioned?

With a background limited to buying an engagement ring, I am checking the rough stone meaning in diamond tender context and finding that it means uncut diamonds. My interpretation is that the tender could be a mix of gem grade and commercial/industrial grade diamonds.

As far as I can see market took the meaning of rough stones as non gem quality stones, which might be the case?

Apart from a mouse no one mentioned The DDE closes for Diwali. Then you refuted what no one said? At best you misunderstood the report Mr mouse, at worst you have a hidden agenda.

Read the report, it says due to reduced demand during festival, not due to closure. It might be a lie or truth, but you clearly manipulated the meaning to create a fallacy.

ASimpleInvestor, thanks for the info. I am finding $300-400 estimate for carat on average for mixed grade diamonds, with assumptions of 10-12% gem quality diamonds based on average of available data. If I understand it right around 36k out of 120k carats of Vast diamonds are gem quality, making it around 30%. Of course, the valuation can change greatly depending on individual mixes. But do you think he numbers I assume are reasonable based on the available data?

Either what you are reading is wrong or the rns on may 7th stating 36k gem quality diamonds. Just to be clear, I am not saying you are wrong, so yeah, I am not sure either and asked some LLMs without any clear response. It could have been a better drafted RNS.

Is that for commercial quality ones?. I believe 36k carat gem quality ones reported

"If my calculations are correct, that takes the total to 569,457,018 outstanding options — meaning the BoD at Jay / 80M appear to have awarded themselves roughly 80 times more options than the board over at Amaroq. Incredible."

Here is my 2 cents: Amrq is 75p per share and 80m is 0.25p per share. Amrq has 450m outstanding shares Vs 80m 's around 4b. If we account for that roughly with rounded numbers : amrq: 7m/450m Vs 80m 500m/4b. Meaning 1.55% Vs 12.5%

The difference is big although it is around 8 times in share volume, rather than 80 times. Depending on the timing of exercise, the dilution rate in GBP would vary.